Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

PetPlace’s turnover exceeds £10m for the first time

petplace developments

Among the biggest developments during Covid was the opening of a new dispatch warehouse to manage the growing number of online orders, and a popular loyalty app

A pioneering pet retailer is under new ownership and on the rise following a period of recruitment and investment. Sion Pritchard and Paul Penketh, directors of Snowdon Holdings, are now majority shareholders of PetPlace having completed a management buyout (MBO).

The company has stores in Chirk, Abergele, Ruthin, Mold, Llangefni and a headquarters on Tir Llwyd Enterprise Park in Kinmel Bay.

Both Paul and Sion, from Colwyn Heights, were already leading the North Wales business – supported by founder Gwyn Lewis – and are thrilled to be at the helm as PetPlace begins a new era.

With turnover exceeding £10m for the first time, plans to expand their 100-strong team with more sales and administrative staff and the potential to open further stores in the coming years, Sion says they are perfectly placed to grow further post-pandemic.

The last two years have raised challenges but also given us the opportunity to advance the business in-store and behind the scenes, said Sion.

Everything is moving in the right direction, but we are looking at the future, which will eventually include further stores and more staff, said Sion. Whatever happens, we will continue with our long-term and controlled approach and as always the pets and their owners are the number one for priority for everyone here.

Among the biggest developments during Covid was the opening of a new dispatch warehouse to manage the growing number of online orders, and a popular loyalty app.

Gwyn is thrilled the organisation he founded will be in ‘safe hands’ for the next generation and said: I am excited to take a step aside and embrace this new era. Paul and Sion have so many wonderful ideas and will lead PetPlace to even greater heights, I’m sure.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.